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EUR/USD very steady overnight, consolidating yesterday’s gains

By   || October 30, 2009 at 06:11 GMT
|| 9 comments || Add comment

EUR/USD sits at 1.4830, effectively where it closed out Thursday in North America. The Asia session saw uneventful trade, the EUR/USD pairing effectively consolidating yesterday’s gains.

A fair amount of Euro zone data lined up today;

07:00 GMT: German retail sales for September expected +1.0% m/m, -2.2 y/y

07:45 GMT: French producer prices for September expected -0.3% m/m. -8.1% y/y

09:00 GMT: Italian producer prices for September expected -0.3% m/m, -7.9% y/y

10:00 GMT: Italian CPI for October (prov) expected +0.1% m/m, +0.3% y/y; EU harmonized +0.5% m/m, +0.4% y/y

10:00 GMT: Euro zone CPI estimate for October expected -0.1% y/y

10:00 GMT: Euro zone unemployment rate for Spetember expected 9.7% from previous 9.6%

It’s the end of another month, so will be keeping an ear to the ground for any info regarding likely equity-related month-end flows.

Talk of buy orders down at 1.4790/00, sell orders up at 1.4875/85, the latter not thought to be overly large.

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Category: All, Economy, Europe, Mkt Talk, Regions
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9 Responses to “EUR/USD very steady overnight, consolidating yesterday’s gains”

  1. Adje on October 30th, 2009 06:24 GMT

    Morning. Looks like AUD/USD is better to short. Has become very bearish a half hour ago. I took a shorter.

  2. Adje on October 30th, 2009 06:26 GMT

    Maybe a retst of 0.9155 but now looks to have become bearish.

  3. Adje on October 30th, 2009 06:36 GMT

    I’ve attached an image.
    Entered with 1/3rd of normal entry size.

    http://i796.photobucket.com/albums/yy242/seoatti/AUD-USD-30minutes20091030.jpg

  4. Tajul Akbar Bin Ismail on October 30th, 2009 06:49 GMT

    SELL STOP triggered and T/P @ 1.4820 … got 10 pips :-)

  5. Tajul Akbar Bin Ismail on October 30th, 2009 06:55 GMT

    Correction … my SELL STOP @ 1.4835 and T/P @ 1.4825 … opppsss

  6. Adje on October 30th, 2009 07:01 GMT

    I need a close below 0.9134. A good one :-)
    Your EUR/USD looks promising to me as well Ismail.

  7. Tajul Akbar Bin Ismail on October 30th, 2009 07:04 GMT

    Another SELL STOP triggered @ 1.4830 and T/P @ 1.4825 … got another 5 pips :-)

  8. Tajul Akbar Bin Ismail on October 30th, 2009 07:07 GMT

    Looks like going down now, bad data from Germany’s Retail Sales but I put a BUY STOP @ 1.4845 … again just in case

  9. yasir kidwai on October 30th, 2009 07:11 GMT

    I bought eur at 1.4840 what u guys think about it and tell me about aud pls

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